Who should complete the FAFSA?
· Anyone who thinks they qualify for a grant (free money from the state/federal government – based on household income and other factors)
· Anyone who wants/needs a loan from the federal/state government
What if I know I don’t qualify for a grant, and I do not want to take out a loan, do I still have to complete the FAFSA?
- · Murray State requires FAFSA completion for those students who wish to receive scholarship money from their institution
- · Other schools may require it as well so you need to check with your school. Some schools require it for work study (jobs on campus – WKCTC requires it for this)
- · Some scholarships require you to report your EFC (expected family contribution – which you get when you complete the FAFSA) on their application
What income level qualifies for the “free money” (grants)?
- · There is no magic number for income because the formula is complicated and takes into account more than just your income. It includes the number in your household, how many are going to college, etc.
So if you have any doubt or you want help, make sure to take advantage of the Financial Aid Counselors we will have on our campus. They are the experts!
Some colleges have priority deadlines for completing the FAFSA - please check with your school to see if they have a deadline.
